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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $29.4 billion in October, down $18.8 billion from $48.1 billion in September, revised.

Exports, Imports, and Balance (exhibit 1)

October exports were $302.0 billion, $7.8 billion more than September exports. October imports were $331.4 billion, $11.0 billion less than September imports.

The October decrease in the goods and services deficit reflected a decrease in the goods deficit of $19.2 billion to $59.1 billion and a decrease in the services surplus of $0.4 billion to $29.8 billion.

Year-to-date, the goods and services deficit increased $56.0 billion, or 7.7 percent, from the same period in 2024. Exports increased $168.6 billion or 6.3 percent. Imports increased $224.6 billion or 6.6 percent.

Three-Month Moving Averages (exhibit 2)

The average goods and services deficit decreased $15.0 billion to $44.4 billion for the three months ending in October.

• Average exports increased $6.0 billion to $293.4 billion in October.
• Average imports decreased $9.0 billion to $337.8 billion in October.

Year-over-year, the average goods and services deficit decreased $31.3 billion from the three months ending in October 2024.

• Average exports increased $20.5 billion from October 2024.
• Average imports decreased $10.8 billion from October 2024.

Exports (exhibits 3, 6, and 7)

Exports of goods increased $7.1 billion to $195.9 billion in October.

    Exports of goods on a Census basis increased $7.2 billion.

• Industrial supplies and materials increased $10.2 billion.
  • Nonmonetary gold increased $6.8 billion.
  • Other precious metals increased $3.6 billion.
• Other goods decreased $1.8 billion.
• Consumer goods decreased $1.0 billion.
  • Pharmaceutical preparations decreased $0.9 billion.

    Net balance of payments adjustments decreased $0.1 billion.

Exports of services increased $0.7 billion to $106.1 billion in October.

• Travel increased $0.4 billion.
• Charges for the use of intellectual property increased $0.2 billion.
• Other business services increased $0.2 billion.
• Government goods and services decreased $0.3 billion.

Imports (exhibits 4, 6, and 8)

Imports of goods decreased $12.1 billion to $255.0 billion in October.

    Imports of goods on a Census basis decreased $11.5 billion.

• Consumer goods decreased $14.0 billion.
  • Pharmaceutical preparations decreased $14.3 billion.
• Industrial supplies and materials decreased $2.7 billion.
  • Nonmonetary gold decreased $1.4 billion.
• Capital goods increased $6.8 billion.
  • Computer accessories increased $3.7 billion.
  • Telecommunications equipment increased $1.9 billion.
  • Computers increased $1.1 billion.

    Net balance of payments adjustments decreased $0.6 billion.

Imports of services increased $1.1 billion to $76.3 billion in October.

• Travel increased $0.9 billion.
• Other business services increased $0.2 billion.
• Insurance services increased $0.1 billion.
• Transport decreased $0.2 billion.

Real Goods in 2017 Dollars – Census Basis (exhibit 11)

The real goods deficit decreased $15.6 billion, or 19.8 percent, to $63.1 billion in October, compared to a 24.1 percent decrease in the nominal deficit.

• Real exports of goods increased $5.9 billion, or 3.9 percent, to $158.9 billion, compared to a 3.8 percent increase in nominal exports.
• Real imports of goods decreased $9.7 billion, or 4.2 percent, to $222.0 billion, compared to a 4.3 percent decrease in nominal imports.

Revisions

Exports and imports of goods and services were revised for April through September 2025 to incorporate more comprehensive and updated quarterly and monthly data.

Revisions to September exports

• Exports of goods were revised up $1.2 billion.
• Exports of services were revised up $3.8 billion.

Revisions to September imports

• Imports of goods were revised up $0.5 billion.
• Imports of services were revised down $0.3 billion.

Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

The October figures show surpluses, in billions of dollars, with Switzerland ($7.3), United Kingdom ($6.8), South and Central America ($5.6), Netherlands ($5.1), Hong Kong ($2.8), Brazil ($2.7), Singapore ($1.8), Australia ($1.7), Belgium ($1.1), and Saudi Arabia ($0.2). Deficits were recorded, in billions of dollars, with Mexico ($17.9), Taiwan ($15.7), Vietnam ($15.0), China ($13.7), European Union ($6.3), Germany ($5.1), Japan ($4.2), Ireland ($3.2), South Korea ($2.9), India ($2.3), Canada ($2.3), Malaysia ($2.0), France ($1.3), Israel ($0.8), and Italy ($0.5).

• The deficit with Ireland decreased $15.1 billion to $3.2 billion in October. Exports increased $0.1 billion to $1.8 billion and imports decreased $15.0 billion to $5.0 billion.
• The surplus with the United Kingdom increased $5.7 billion to $6.8 billion in October. Exports increased $5.2 billion to $11.4 billion and imports decreased $0.6 billion to $4.6 billion.
• The deficit with Taiwan increased $6.3 billion to $15.7 billion in October. Exports decreased $0.1 billion to $4.8 billion and imports increased $6.2 billion to $20.5 billion.

Goods and Services by Selected Countries and Areas: Quarterly – Balance of Payments Basis (exhibit 20)

Statistics on trade in goods and services by country and area are only available quarterly, with a one-month lag. With this release, third-quarter figures are now available.

The third-quarter figures show surpluses, in billions of dollars, with Netherlands ($20.6), South and Central America ($18.3), Brazil ($9.2), Singapore ($8.9), Switzerland ($8.6), Hong Kong ($6.2), United Kingdom ($5.4), Australia ($5.2), Saudi Arabia ($3.3), and Belgium ($3.0). Deficits were recorded, in billions of dollars, with Mexico ($50.3), Vietnam ($44.2), China ($33.1), Taiwan ($34.4), Germany ($15.8), India ($14.1), South Korea ($10.8), Japan ($10.6), European Union ($9.7), Ireland ($7.4), Malaysia ($6.0), Italy ($5.9), Canada ($4.7), France ($3.1), and Israel ($1.2).

• The deficit with the European Union decreased $17.0 billion to $9.7 billion in the third quarter. Exports increased $9.8 billion to $193.1 billion and imports decreased $7.2 billion to $202.7 billion.
• The deficit with Japan decreased $5.3 billion to $10.6 billion in the third quarter. Exports increased $0.8 billion to $35.0 billion and imports decreased $4.5 billion to $45.6 billion.
• The surplus with Hong Kong decreased $7.2 billion to $6.2 billion in the third quarter. Exports decreased $7.1 billion to $10.8 billion and imports increased less than $0.1 billion to $4.6 billion.

All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

Next release: January 29, 2026, at 8:30 a.m. EST
U.S. International Trade in Goods and Services, November 2025

Notice

Updates to the Release Schedule

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis are working to update our respective schedules of economic releases, which were affected by the government shutdown. We are consulting with data suppliers to determine the availability of data used to produce our economic indicators. We will publish updated release dates as soon as they are available at www.census.gov/foreign-trade/schedule.html and www.bea.gov/news/schedule.